Harmonized Index of Consumer Prices: Actual Rentals for Housing for Norway
CP0410NOM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.30
Year-over-Year Change
3.58%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Actual Rentals for Housing for Norway measures the price trend of rental housing in Norway. This metric is a key indicator of inflation and cost of living for policymakers and economists.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Harmonized Index of Consumer Prices for Actual Rentals of Housing tracks the change in prices charged for rental housing in Norway. It is a component of the broader consumer price index, providing insight into the cost of shelter, a major household expense.
Methodology
The data is collected through surveys of rental property owners and tenants by Statistics Norway.
Historical Context
This rental price index is used by the Norges Bank and other institutions to assess inflationary pressures and inform monetary policy decisions.
Key Facts
- Norway's rental prices have risen 20% over the past decade.
- Housing costs account for over 25% of the average Norwegian household budget.
- The rental index is a key input for the Norges Bank's inflation targeting policy.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Actual Rentals of Housing measures the change in prices charged for rental housing in Norway.
Q: Why is this trend relevant for users or analysts?
A: This rental price index provides important insight into inflationary pressures and the cost of living in Norway, which is critical information for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of rental property owners and tenants by Statistics Norway.
Q: How is this trend used in economic policy?
A: The rental price index is used by the Norges Bank and other institutions to assess inflationary pressures and inform monetary policy decisions in Norway.
Q: Are there update delays or limitations?
A: The Harmonized Index of Consumer Prices data is published monthly with a short lag, providing timely information on rental price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Actual Rentals for Housing for Norway (CP0410NOM086NEST), retrieved from FRED.